Eventual grand finalists the Balmain Tigers had a dreadful start to the season with six wins and five losses by the end of the first full round. But their plight was rescued by a masterstroke from their chief executive Keith Barnes. The Great Britain side was touring Australia that season and in strict secrecy Barnes negotiated to have the English captain and centre Ellery Hanley - judged the best player in the English competition the previous season and an undoubted world-class player - to join the Tigers. Barnes got to the NSWRL to register Hanley at 4.55pm on 30 June, just five minutes inside the deadline for signing players for that season.

Twenty-two regular season rounds were played in total from March till August, with Cronulla-Sutherland winning their first ever minor premiership since joining the competition in 1967. Penrith and Balmain finished on equal points in fifth place and played each other for the place in the top five, alongside Cronulla, Canterbury, Canberra and Manly.

1988 saw the NSWRL move their advertising account from John Singleton Advertising to Hertz Walpole Advertising. There was initially however no shift in the prior campaign direction.

For the second year in succession a visual and vocal performance by Australian rock journeyman John "Swanee" Swan was used. Swanee recorded a purpose-written jingle entitled "The Greatest Game of All" and a rock clip style advertisement was shot on a stage setting with smoke, lights and fireworks. The performance footage was interspersed with game action.

Five years later Swan's younger brother Jimmy Barnes would also feature in an NSWRL season advertisement performing alongside Tina Turner.

Balmain had staged a gripping charge for the final five, winning nine of their last eleven games including five in a row to leave them in equal fifth spot with the Penrith Panthers at the regular season's end. They then won four sudden death finals to make it to the Grand Final.

Following Balmain's extraordinary late season run in winning thirteen of fifteen games, the stage was set for a Grand Final of great appeal. 1980s master coach Warren Ryan of Balmain was up against the club he had coached for four years to three grand finals and two premierships, as well as being matched against the man who had replaced him at Canterbury - Phil Gould. It was master against pupil. At just 30 years of age, Gould was vying not only to become the youngest coach to win a grand final but the first since Balmain's Leo Nosworthy in 1969 to steer a team to premiership victory in his first season coaching the top-grade.

After five minutes Peter Tunks was sent to the sin bin for ten minutes for treading on Ben Elias. The first points of the match were scored shortly after from Terry Lamb's successful penalty kick. Another penalty kick from Lamb put the Bulldogs in front 4 nil. However Balmain grabbed the first try an Elias put up a bomb and was first to the ball ahead of Bulldog Jason Alchin. Conlon's conversion from in front gave the Tigers the lead for first time at 6-4.[4]

A highly controversial tackle by Terry Lamb put Balmain's in form British import Ellery Hanley out of the game before the 30-minute mark had been reached.[5] Hanley staggered off, heavily concussed, with the score at 6-4. Under the rules of the time, Hanley was allowed 10 minutes to recover in the head bin. If he could not return he would need to be replaced. He returned just before half-time and stood, out-of-sorts, on the wing. The Bulldogs then ran in a 70-metre try from broken play and went to the break with a lead of 10-8.

Hanley didn't return after half-time and the Bulldogs started to dominate. A great Canterbury team try to Michael Hagan sealed the match. Bruce McGuire scored Balmain's second try late in the match although the outcome was already clear. The match ended on a sentimental note when Gould called the Bulldog's representative star, former captain and 271 game veteran, Steve Mortimer to the sideline. He was less than fully fit and had his arm heavily padded to protect the wrist he had broken early in the season. However Mortimer had been named as a fresh reserve as tribute to his previous club contributions and the match ended with him moving to dummy half and taking the ball up for the last time.